Related Summaries

Washington REIT has closed on the second half of its previously announced office portfolio sale to a Brookfield Property Partners affiliate for $128.5 million. The first half of the deal closed in June for $111.5 million.

President Barack Obama recently touted $240 million in pledges by the private sector to advance STEM education in the U.S. He made the announcement at a White House event hosting student science fair winners.

SL Green Realty has sold three Manhattan assets for $240 million. The properties are located at 2 Herald Square, 180 Broadway and 985-987 Third Ave. Andrew Mathias, president of SL Green, says the combined IRR of the deals is more than 21%.

Brazil's Petrobras has agreed to acquire stakes in two Sao Martinho ethanol units for $240 million, in a bid to triple its ethanol output in four years. The oil giant's biofuel division, PBio, will own 49% of Sao Martinho's Boa Vista mill and SMBJ Agroindustrial project in Goias through a joint venture, according to a regulatory filing.